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Commercial Land for Sale in Elwood, Illinois

23550 S Vetter Rd, Elwood, IL 60421

$21,567,000
27.3 acres
Active
Est $146,556/mo

Excellent Commercial / Industrial land opportunity within a half mile of the New Houbolt Road Bridge Extension and in very close proximity to the BNSF, UP and CN Railway Terminals. This property's key feature is its prime location in the middle of the CenterPoint Intermodal Center Corridor. The property consists of two parcels totaling approximately 27+ acres with over 960 feet of road frontage along Houbolt Rd. This is part of the CenterPoint Intermodal Heavy Haul Corridor also know as "inside the fence". Properties "inside the fence" have no weight limits for heavy haul trucks going to and from the Intermodal Rail Terminals and other nearby Truck Terminals. Most of this Heavy Industrial Zoned area is riddled with the obstruction of Underground Pipeline Utilities. One of the key features of this property is that it is one of the only parcels available that is completely pipeline free and ready for quick and easy development. There is currently a 2 story home and 2.94 acre pond on the property that the owner put in for recreation. The pond can be filled in should the new owner desire to do so. The Commercial potential of this property is immeasurable due to it's prime location. It is an approximate five minute drive time from Interstate 80 and less than ten minute drive time from Interstate 55. This prime location makes this property a great opportunity for logistics, warehousing, truck and trailer maintenance/repair services, etc. This property is surrounded by adjacent parcels already zoned Heavy Industrial in Joliet that are quickly being developed. Act soon while it is still available for your next development project.

Location

Street address
23550 S Vetter Rd
Community
Elwood
Elevation
597 feet
Coordinates
41.4565, -88.15

Directions

Property located approximately halfway between CenterPoint Way and Schweitzer Road on Vetter. Vetter is now becoming Houbolt.

Property details

Acreage
27.3 acres
Zoning
INDUS
MLS #
MRED 12425704
Posted

Property taxes

2022
$14,017

Parcels

  • 0410013000160000

Details and features

Listing

Type
Farm

Lot

Waterfront
Yes

Structure

Water
Well
Sewer
Septic Tank

Listing history

DateEventPriceChangeSource
July 21, 2025New listing$21,567,000MRED
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This 27.3-acre property is located at 23550 S Vetter Rd in Elwood, IL 60421. The property is available for sale for $21,567,000 with a price per acre of $790,000.

Checked 1 hour ago — Updated

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